H.P. Ousts Chief for Hiding Payments to Friend

By Denny Carter

August 9th, 2010

Mark V. Hurd, who turned Hewlett-Packard into the world’s largest technology company on the back of fierce fiscal discipline, has been ousted from his post for the lowliest of corporate offenses--fudging his expenses, reports the New York Times. H.P.’s board stunned Silicon Valley and Wall Street late on Aug. 6 by announcing Hurd’s resignation as chairman and chief executive of the computing and printing giant, involving what it said was a “close personal relationship” with a contractor who helped with the company’s marketing. The woman’s lawyer contacted the company in late June, charging sexual harassment. While the directors were investigating...

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Denny Carter

Dennis has covered higher education technology since April 2008, having interviewed some of the most recognized IT pros in U.S. colleges and universities. He is always updating eCampus News with the latest in pressing ed-tech issues, such as the growing i